Vodafone Group Public Limited (NASDAQ:VOD) Receives $14.45 Average Target Price from Analysts

Shares of Vodafone Group Public Limited (NASDAQ:VOD) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.45.

A number of equities research analysts recently issued reports on VOD shares. UBS Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on Vodafone Group Public in a research report on Thursday, June 20th. They issued a “buy” rating on the stock. New Street Research raised shares of Vodafone Group Public to a “strong-buy” rating in a research report on Monday, July 8th. Finally, StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th.

Vodafone Group Public Stock Up 0.5 %

VOD opened at $10.09 on Monday. Vodafone Group Public has a 1 year low of $8.02 and a 1 year high of $10.39. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.29 and a current ratio of 1.31. The business has a fifty day simple moving average of $9.68 and a 200 day simple moving average of $9.18.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ACR Alpine Capital Research LLC increased its stake in shares of Vodafone Group Public by 40.4% in the first quarter. ACR Alpine Capital Research LLC now owns 21,608,956 shares of the cell phone carrier’s stock valued at $192,320,000 after buying an additional 6,216,805 shares during the period. Bank of Montreal Can increased its position in Vodafone Group Public by 445.7% in the 2nd quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock valued at $34,055,000 after acquiring an additional 3,107,734 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Vodafone Group Public by 345.2% during the second quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after purchasing an additional 2,346,815 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Vodafone Group Public by 20.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,548,765 shares of the cell phone carrier’s stock worth $40,484,000 after purchasing an additional 761,624 shares during the last quarter. Finally, Clifford Capital Partners LLC increased its holdings in Vodafone Group Public by 30.1% in the second quarter. Clifford Capital Partners LLC now owns 2,012,210 shares of the cell phone carrier’s stock valued at $17,848,000 after purchasing an additional 465,802 shares during the period. 7.84% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.